OneCharge appoints Suarez as Western Regional VP
OneCharge Inc., a provider of lithium batteries for the material handling industry, announced that it has appointed David Suarez as the Western Regional Vice President. OneCharge has named David Suarez as the Western Regional Vice President, reporting to Mark D’Amato, Vice President of Sales. He comes to OneCharge with more than 20 years of experience in mobile power across numerous industries, including underground mining,...
Flux Power’s FY 2021 Q1 revenue increased by 135%
Flux Power Holdings, Inc., a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, has reported financial results for its first quarter of the fiscal year 2021 (Q1’21). Financial Highlights: Q1’21 revenue grew 135% to $4.5M compared to Q1’20 revenue of $1.9M Q1’21 gross margin increased to 19.4% compared to 6.1% in Q1’20 Strategic Highlights: While our first quarter is typically a seasonal low...
East Penn acquires majority share of Navitas Systems
East Penn has announced the acquisition of a majority interest in Navitas Systems. Navitas Systems is a global provider in larger-format lithium battery technology and systems for heavy-duty commercial/industrial as well as government/defense market segments. The acquisition will accelerate East Penn’s expansion of its Motive Power battery offering, as well as its strategic integration into other market segments. This exciting new...
Kalmar champions movement to electric trucks
Kalmar, a provider of automated and electrified solutions, has published a new feature which highlights the potential of electric forklifts as a “viable alternative” to diesel vehicles. While electric forklifts have existed for several years, the advent of new lithium batteries and even more powerful forklift machines has started to provoke a shift in sectors like the port and terminal industry. According to David Malmström, Business...
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